Heimstaden Bostad AB acquires 599 residential units in Germany
Heimstaden Bostad AB announces the acquisition of a German residential portfolio consisting of 25 assets with 599 residential units, 48 commercial units and 36 parking spaces. The properties are located in the cities of Berlin and Bielefeld and comprise a total lettable area of 44,650 sqm. The agreed purchase price of 1.32 bSEK will initially be financed through existing cash, and subsequently, mortgage financing will be taken out for a part of the purchase price. The acquisition roughly doubles Heimstadens current footprint in Germany’s dynamic capital by number of units and at the